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new york newspaper chooses to publish the names and addresses of thousands of private citizens who have legal gun permits. can the mainstream media still claim not to hate all gun owners after a stunt like this? "the kudlow report" starts right now. let's get the latest on the snag on the fiscal cliff talks and surprise news we are going to reach the debt ceiling in days instead of just a few months. john harwood has the details. what's going on? >> not a whole lot of actions going on. although there have been some developments. let me bring our viewers up to date on those. first of all, treasury secretary geithner this afternoon announced the united states would hit the statutory debt limit on monday. that's new year's eve. that's part of an effort to pressure congress to act to raise the debt limit which may or may not be direct limb reply indicated in the fiscal cliff talks but it is relevant to the larger issue of debt and deficits. the treasury can move money around in certain ways to extend the point where we actually reach a crisis for probably a couple of months. but this i
new york and new jersey rapidly on the road to recovery. it tells us with hope that we can get something done quickly. when we explain to our colleagues what we needed they listened carefully. we were really very glad about that. let me say a few specific things. there is very ample funding in this bill. homeowners lost more than $31,000 of damage in their home. they can get relief so that small-business owners who need more than loans can get to relief. there's ample funding for the army corps. it was free with all of the aid here. a couple more plants. mitigation is in this bill. they are not new projects that come out of the blue. they are building on existing products to prevent damage from occurring it got forbid another sandy like storm hit us. it will allow to install concrete polls rather than the wooden poles they had. it will allow our subway system and june to put in protection so that the waters will not flood the damn again. it will allow our hospitals when they rebuild to make sure that they put those extremely expensive machines on higher floors so if god forbid
four individuals have been placed on administrative leave pending further action. but, the "new york post" is now reporting that eric bosswell has not resigned and all four of those stated department employees are still on the state department's payroll. >> just shifted the deck chairs and they want to make the american people believe that the state department has held people accountable for their lack of security and sending help to four brave americans. this is incredibly inept of the state department to think that they can continue to fool the american public, pathetic. >> reporter: we've reached out to the state department for further comment but they have not yet denied or clarified any of this. jon? jon: hillary clinton obviously runs the state department. she is on her way out. john kerry, the nominee to replace her. is this going to affect his confirmation hearings at all? >> reporter: jon, the state department says at their end they're trying to keep things as smooth as possible. >> secretary clinton as you heard her say before has pledged to have a smooth transition with he
york city, for instance. >> dave: new jersey, connecticut. >> clayton: you're not living the dream. >> juliet: it's sort of subjective. well, actually not subjective you can look exactly at what people live here for 250 or people in san francisco, another expensive city, it doesn't go that long, didn't go that far. >> dave: the bottom line, it appears they've moved the goal post and it may be around the $400,000 mark and that may be the new 250 if you will. may be where ne get the deal done. and upwards towards the 500 mark, but here are two congressmen on perhaps moving this up. >> the $400,000 level seems to me to be about right, that represents about the top 1% of the income earners, the people who got 93% of the income growth our last year and that seems to be enough, but i think there's some flexibility there. >> it's about making sure that we can live within our means and address the real problem and that's spending. i kind of feel like i'm a lifeguard and we've got to save as many people from drowning in higher taxes as we can. >> clayton: that seems to be the new threshold
. crowley speaks, obviously from new york. first of all, we need to pass the supplemental. the people of the northeast, luckily maryland was somewhat spared on this. but the people of new jersey, the people of new york, the people of connecticut in particular, others as well, have sustained a very, very damaging blow both corporately and individually. we need to act on that. historically supplementals are not paid for, are passed so that we can meet the immediate need. mr. crowley will speak to that. but let me say this. the answer to your question is it's part of the math. if we're going to put our country on a fiscally sustainable path, we're going to have to consider all the expenditures we made, whether we paid for them initially or not, we're going to have to put that into the math and it needs to be a part of the agreement. i've said this is a math problem. certainly the dollars we spend will have to be accounted for and will have to be paid for over a longer period of time. but we can amortize that immediate expense that we need to make on behalf of the severely adversely affec
and so it took a while. my brother is a writer in new york and he was my editor for a while. i fired him three times, and i went back with the help of my wife, back into my first year of legal research because i had to certify, authorize this piece of nonfiction. i felt with a memoir you could just wing it you can't because once you start highlighting things you've got to get authority for it. you even have to get consent from the people that you put photographs and. i had a letter from james meredith right after i left, which is in the book itself and i wanted to put that in. my wife reminded me, we need his permission. i don't need his permission. he sent it to me that he didn't send us the world. i send a form letter to jackson mississippi and he signed it on the backside of the envelope, it's about time you got your book out 50 years later. so it took a long time. yeah, it did take longer than i thought it would but again piecing things together, "u.s. news and world report"'s, "life" magazine, look magazine, all those helped me support my story and the story again again of a protago
are getting some twitter for rick. what is new york city looking like with a nor'easter on thursday. i want to know the answer on that. deadly storm system that pounded the midwest with storm and thousands of tornados heading northeast this morning. oh, my god. that is a tornado. oh, wow. oh, jesus, look at that tornado. >> gretchen: that funnel cocloud was spot indeed mobile, alabama and 10s of thens of people now without power. >> i prayed to god as loud as i could . praying for my safety and i knew and prayed that the truck stayed put and god would protect me. the brutal winds tossed the cars on top of each other and left the neighborhood a complete disaster. >> i never saw one in real life and just to be able to hear one, it is it a mile from where we are. it pretty amazing. toppled treese ended up killing two people in texas and louisiana. oklahoma got about seven inches of snow in that state . the weather was to blame for a massive car pile up on interstate 40. a woman died in another highway crash nearby. >> we talked about the flights all over the u.s. are cancelled . logan internat
. the gentlelady from new york. ms. slaughter: mr. speaker, i'm pleased to yield three minutes to the gentleman from south carolina, the assistant democrat leader, mr. clyburn. the speaker pro tempore: the gentleman from south carolina is recognized for three minutes. mr. clyburn: thank you, mr. speaker. i request permission to revise and extend. the speaker pro tempore: without objection. mr. clyburn: i thank the gentlelady for yielding me this time. mr. speaker, when the so-called supercommittee failed last year to overcome the obstruction of the tea party republicans and their leader, grover norquist, to achieve a fair and balanced plan for deficit reduction, economic growth, and job creation it would take a decisive national election to settle the matter. i believe president obama's victory on november 6 was very decisive and pretty definitive. during the campaign president obama very clearly laid out his vision and the american people strongly affirmed his position. the president won all but one of the swing states. 62% of the electoral college, and carried the popular vote by more than 4.
that don't live in new york, here is look at the tabloids this morning. the "new york post," off the fiscal cliff. this fall is really going to hurt. ben white of morning money, dennis, said an excuse to get a bic can keeney on the cover. >> relatively slow news day. what geithner did yesterday is almost as if he is strapping a damsel in distress to the tracks and saying the stakes are rising higher. the markets are taking all this tension, all this sort of -- these things at stake to really make the point perhaps that you have to have those stakes really high for people actually to get a deal. >> on "fast" last night when that letter crossed in the green rooms, we were chatting, we said this sounds like a ploy on the part of the treasury to actually get people to start moving. obviously, there wasn't a market selloff, did have the stumbling blocks and traders on friday said almost better if we did see the markets pull back more to crystallize what this could mean for the u.s. economy to members of congress. we didn't see that. it is a numbers game though in terms of what will happen. we kn
of hurricane sandy. the governors of new york, new jersey and connecticut want that package approved before the holiday break. more than 100 ceos, also calling on lawmakers to act quickly. nearly seven weeks after the storm struck, many victims are still waiting for funds to repair their homes. >>> and in philadelphia, the hunt is on for two teens after a dispute over an nba game ended in gunfire on a train. this is tough to watch. but the video captures a confrontation between the two, believed to be 76ers fans and a chicago fan in a bulls jersey. one of the teens pulls a gun and shoots the man in the stomach. you see it there. the same bullet would then strike another man in the leg. thankfully, both shooting victims are expected to be okay. >>> and some astonishing video just in, as well, of a young girl in a wheelchair. hard to watch. scared and in tears, after being detained by tsa at dallas-ft. worth airport. screeners say the 12-year-old, shelby walters' palms, tested positive for explosives, which may actually have been fertilizer transferred from her wheelchair. the girl's mother s
a good christmas. i'm melissa lee. we're live from the new york stock exchange. jim cramer has the day off. the latest s&p schiller home price report has been released. the results being shown at the bottom of your screen. david blitzer will join us with a closer look at the numbers in just a few minutes. let's get a check on how we're setting up on this day after christmas trading session. the dow looking higher by about 15 points. s&p looking at about two points at the open. european markets closed on this day after christmas. the uk and france among those celebrating foxing day. we start off with, what else, retail. dips in spending in the mid-atlantic and northeast regions. luxury sales also weak. >> we're coming off the worst christmas eve for the dow since 2006. as the president cuts short his hawaiian vacation to deal with the fiscal cliff, just five days to go until we go over. >> threatening both coasts with workers snubbing up best and final contract offer. >> and more on the home front. we'll have more on the data and whether it can keep one of the best performing sectors of
what's amazing about this? outside of the metropolitan new york area nobody cares about this. nobody. >> p but we're sitting in the middle of the metropolitan area. >> you're optimistic, a lot of people in the metropolitan area don't care. >> especially after this season. sanchez had his best game of the season week 1 against the bills. he completed over 70% of passes. people predicted the jets would go undefeated. they were wrong. time for college football now. duke and cincinnati facing off in the always epic belk bowl in charlotte. let's start at the end. the fourth quarter, game tied, 34-34 with a minute and a half left. the ball is loose, and the bearcats recover. they have a chance to win it in the final minute in the ensuing cincinnati possession. he fights his tight end and finds him. travis kelsey waddles along and outruns the secondary and goes all the way for an 83-yard td. that's your game winner. bearcats win 48-34. >> the real bowl games begin tonight. >> virginia tech versus rutgers. >> at 5:30 this afternoon. >> i'm going to be awake no matter what. go, hokies. >> 5:3
, with the sort of patchwork vision of how this could work? because in new york, in august, there was a shooting outside the empire state building, and highly trained new york city police officers ended up wounding nine bystanders. doesn't that create also a dangerous precedent that's worth some concern and caution? >> no. because here's -- what's the alternative? 20 students massacred, six administrators, teachers? this is going to happen again and again and some people out there are trying to be thoughtful and say, well, let's restrict gun ownership or possession or the size and capacity of magazines, thinking somehow that this will improve school safety. it will not. and so, i'm trying to be realistic, is how can we do it, when you refer to new york city. some of the key elements in safety, in law enforcement officers are trained in this, and should be far more disciplined. and not to criticize these new york officers, but you always watch your backstop, in anyone this your environment, before you fire at anybody. and so, every police officer, just because we wear a badge, we're not superhero
] glucerna hunger smart. a smart way to help manage hunger and diabetes. >>> imagine going from new york to key west in just eight hours in the lounging comfort of that big sleek train. you could do it, if you lived in china. once again, america's proof we are falling behind in infrastructure. thanks for watching "street signs." i'll send it to "closing bell." >> and hello again, everybody. welcome to the "closing bell." i'm mandy drury sitting in for maria bartiromo. happy boxing day as well. >> christmas is over but mandy has been celebrating boxing day all day. we didn't get any presents from lawmakers in washington yet. we're still five days away from falling off the proverbial fiscal cliff and wall street, like everybody else, is waiting for some kind of a solution here, and as you can see by today's numbers the waiting game continues, although we thank brian sullivan and you, mandy, for bringing us back to positive territory in the last hour. >> i'm not sure we can take credit but we'll take it. >> the dow is up a fraction at the moment. 13,139 after a meandering much of the day. t
it or not >> gretchen: here is the headlines. a massive chain crash. it happened in new york. it happened iniac-- yack hank. the driver lost control and setting off the chain reaction . the truck was carrying debris from super storm sandy. >> it was like a move yechain reaction and so fast. no one could react to it. >> brian: 40 vehicles were involved and the wreck stretched the length of a football field and all lanes are reopened this morning. midwest getting pummeled with a massive snow storm. some states are under blizzard warnings it is expected to dump a foot of the snow in the next 48 hours. in nebraska. roads are shut down because of the snow and strong wins are making visibility difficult. roads are closed in washington state after collisions and spin outs . there is word that one person is hurt. younger brother of madoff will be sentenced for helping pull off the biggest ponzi scheme in prison. he will be spending 10 years behind bars. one victim said she is unhappy that the sentence was postpone anothered the judge to remain free to attend a bar mitzvah. she brought the miss universe crown
on a snowy evening here in new york city. chris matthews picks things up right now. >>> heading over niagra falls in a barrel. let's play "hardball." ♪ >>> good evening. i'm chris matthews in washington. let's start with this. president obama and his republican opponents are about to go over niagra falls in a barrel, but nobody knows for shush how bad it's going to be. will the economy smash on the rocks below? will the stock market plunge a thousand points and keep on dropping? will the world money watchers see the u.s. drowning in its own dysfunction? or will obama and the dead-end opposition it faces be saved by the public's horribly low expectations of what they can do? what will prove stronger for obama and boehner? the barrels they're riding in or the power of niagra falls itself? joining me now is politico's jonathan ryan. how about an answer on that one? what's going to protect these guys more? the low expectations people have about them getting anything done or failing to do what they set out to do. they all set the deadline. they have the -- what do you call it. the stakes are c
" on this final friday trading session of the year. i'm carl quintanilla at the new york stock exchange, along with melissa lee. >> that's a good song. >> i actually requested that a few moments ago. cramer and faber had the day off. the market has a few jitters as we enter what is going to be an interesting day. of course, the meeting at the white house, 3:00 between the president and some congressional leaders. as for europe, getting some data out of japan overnight and some data out of europe. currently red arrows across the board, in london, paris, and frankfort. our road map begins at the white house. congressional leaders set to meet with the president, 3:00 p.m. this afternoon. senator reid has already said hopes of a deal are fading quickly. just two trading days left until the cliff. and it's not just the fiscal cliff. wind farms and dairy are set to get hit. >> the ports of the east coast and gulf coast are bracing for a potential strike. the potential for this, midnight sunday with a shutdown threatening to threaten 20% of the cargo traffic. >> and instagram feeling the sting of the
is that in new york? >> 100 yuans to the dollar. >> so five cents. >> most people use six-month passes for about 100 yuan. >> so a dollar? >> yes. very cheap. that's a pretty good deal. we're moving now. it's pretty smooth. >> but sometimes it goes dark. electricity shortages are always a problem in north korea. we went to this high school where the students were in cold classrooms with overcoats. so cold you could see their breath. the rooms were not well-lit. all right. here we are, this is the square, as you can see, it's huge. it's magnificent and they often have events here which is totally understandable. these are all government buildings over here. you can see the foreign ministry and then see this marvelous structure over here. this is a brisk, cold day on this friday here in pyongyang. but it's nice. there's not a whole lot of traffic here. it's icy. the streets are snowy. i see a lot of people shoveling and there you see the communist government. you see lennon, you see marx. it's brisk, it's lovely, it's a nice day here in pyongyang. >> we drove all over the north korea capital, saw
. that's the charge of this group. >> i'll read to you a line from maureen dowd's column in "the new york times" yesterday. she was talking about the future of the republican party. you guys are going to be taking a closemayans were right, as it turns out, when they predicted the world would end in 2012. the world of arrogant, uptight, entitled, bossy, retrogressive white guys. when it came to white guys, the republicans still do well. >> that's why i salute chairman wright's pribus for forming this. if you don't change with a country while maintaining your countries and your ideology but making those principles more believable, you're not doing your job. ronald regular be wasagan was a that. keep a conservative base and make it attractive to the middle. there's room to be a conservative party that has ideas thidea s ideas that sell not only with the conservative base but with a group much bigger because the ideas are good ones. we cannot just be a party of white people. when reagan was elected, 88% of the voters were white. today, it's 72%. you do the math. >> how do you go out and reass
and pennsylvania fellows and new york fellows were all good to me. >> like your colleague, daniel akaka and former transportation chairman norman, world war ii was important in the event in their lives and in your life as well. you serve in the most highly decorated unit in the history of the united states army and received a bronze star, distinguished service cross and middle of honor. can you tell us what you learned from that experience, and how did that experience impact your public career? >> well, there are certain things that haunt me even to this day. and that is the realization of that the war can change a person's character and personality. one might be content and say i'm a good person. now, for example one week before i got into the service and put on my uniform i was and sunday school teacher and i sang in acquire. my mother was a devout methodist , christian temperance movement. they don't get any more difficult than that. the whole family was that way. then after training and going overseas, i recalled telling the first german -- killing the first german. the thing that haunts me is
that are trying to rebuild. our national correspondent deborah feyerick is joining us from new york with more information. what's going on here, deb? >> you know, wolf, a number of people who have already started complaining about breathing problems and the problem is likely to only get worse. every day nancy suits up for a battle she's determined to win. >> i give myself four hours. you do both sides and the top. >> reporter: bleach, hydrogen peroxi peroxide, vinegar, even professionals have not been able to kill the flood in the wake of sandy's floodwaters. >> i'm trying to stay ahead of it. >> reporter: thousands of volunteers from world care center have been gutting houses ripping out floors, walls and insulation if not cleaned properly mold continues to grow and can make people very sick. >> it's everywhere. >> reporter: dan has seen it before. the mold can multiply and become a toxic situation. >> reporter: he travels the country with an organization that helps people affected by hurricanes and floods. people will get sick. >> you will see upper respiratory issues and allergies going on
for us. in the spring we experienced late freezes in michigan and new york and pennsylvania that wiped out fruit crops. a lot of small family farms, farms in northern michigan wiped out. in my home state late freezes in the spring caused cherry producers to lose practically their entire crop right off the bat. it warmed up, the buds came out, then they had a deep freeze; killed everything. our growers produce 75% of the u.s. supply of cherries. that's around 270 million pounds. and the cherry producers experienced 98% loss. now in our amendment, in the disaster bill and in the farm bill, we give them some help because they spent the rest of the crop year this year having to pay to maintain the orchards and the frees, eating the costs and hoping the trees will bounce back next year and produce a crop. so they have all the costs of maintaining everything but no revenue coming in. cherry producers were also forced to fight spreading diseases like cherry leaf spot and bacterial tinker, making the trees even more costly to maintain and at risk of loss. they didn't just lose their crop this
house. >> heavyweights. >> these are the most actively traded stocks at the new york stock exchange right now. stay with us. back in a minute. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobil
tracks? more on that. >> and hear what this small business owner in new york city, where we are right now, thinks about the cliff crisis. >> i'm annoyed. i'm annoyed with the fiscal cliff. we're looking at not knowing what's going to happen. we fall off this cliff, an everyone gets affected. there's no trickle-down effect. it's more like a slush. we'll lose income. the question is how much income are we going to lose? if we fall off the cliff, the fear is that we fall off the cliff, not slowly glide down the cliffch the government at this point needs to understand that we should be able to trust you to do the right thing, put politics aside and think about us, the people that's why we have government. fix it. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no
, is not on the news every night and cnn is not broadcasting from the shores of new york and new jersey -- that happened for a few days and then we've gone on to other pressing issues of the day. and as new challenges arise, the press attention will be diverted, as is natural. the problem is it may be natural but it's not necessarily good for people that have lost their homes, lost their businesses and without quick action from congress and robust, definitive, comprehensive support from the federal government, these individuals, these communities will not be able to recover. and i am living testimony as a senator from one of the state's hardest hit in recent memory from a natural disaster to really to be able to testify as almost an eyewitness -- as an eyewitness of what happened in the aftermath of hurricanes katrina and what is possible in this recovery for hurricane sandy. it's been over seven weeks since hurricane sandy claimed the lives of more than 130 americans, destroying -- and i want to correct the record -- 340,000 homes and 200,000 businesses. just to put that in comparison,
, showing the world we know how to run the government of the united states. >> paul krugman in "the new york times" has an interesting op-ed and starts off by saying we are not having a debt crisis and says this is really a political crisis. let me read a bit of it. americans may nod their heads when you attack big government in the abstract, but they strongly support social security, medicare and even medicaid. and he's talking about his framing of the gop. part of the problem, americans have a sense against big government, but when it comes to big government, people don't want to cut those things of what they think are part of what americans deserve to have. >> i put the blame on that squarely on the political leadership in washington. i think the country is hungry and would response to someone how you fix the whole problem. these are the pieces that you need to put together to get us out of this mess. instead, focused on aspects of the thing, and about whether marginal tax rates should go up or not, and what ought to be done about entitlements in the short term. people respond and will re
directing new york city traffic. >> brian: the winner of the x factor will be joining us live. if you have to run from the tv, run to the radio. steve, you'll be joining me, right? >> steve: i will. weather alert. serious trouble for millions of americans hoping to travel for the holiday. check out the storm system. it is powerful. moving through the central part of u.s., upper plains. blizzard and winter storm warnings for nebraska and great lakes. deep south tornado sirens blaring. mobile, alabama, roofs have been ripped off, trees topple. a powerful storm moves through there. a warning in effect in mobile, alabama. i'm bill hemmer. welcome to "america's newsroom". martha: why don't we get normal weather. always something extreme. it is causing delays and cancellations. they're trying to get home. going through chicago o'hare's airport the nation's second busiest airport. they're having a tough time. live screen left, you see minneapolis. screen right you see storm damage where it already went through in mobile, alabama. could be a rough couple days out there as the head -- storm heads o
? i talked to a big christi he fan a few months ago, one of his biggest donors and fans in new york. he said, you know, mitt romney looked like the guy who fired you. chris christie looks like you. i mean, not me personally, but people in general. you know, i'm just guessing here, but it's possible for me to imagine in a country where, like, weight loss shows are very popular, that people will identify with him and perhaps if they don't apir to look like him, he is -- >> who among us have not -- >> i think that's a great point, and i also lot of the way he addresses it. i love the way he is, like, yeah, i have a weight problem. i don't know why. i love that attitude, and i think that's the right way to playoff tv. >> i think there's a class bias to this conversation because, let's be honest, it's really a lot of working class and poor people are heavier now. it's because of diet. it's because of conditions in their communities. that's not exactly cris christie's story, but he is kind of a more working class person. he is obviously struggled with this. i think it could make him very
. -- pennsylvania, new york. there are federal dollars that pay for maintaining those highways. you can't have a million people pay for all those highways because it connects the entire country. you have forest service, 30% of the land is owned by the federal government. so there's a lot of federal dollars that come to montana. that's part of the system. >> what would be the economic impact, going back to what the farmer was telling us about the situation, if estate taxes go up 55%. we're going to see farmers cutting back on the size of their farms, some may even go out of business. what's the economic impact and how can you mitigate that, governor? >> the difficulty here is over the long-term. naturally, sometime during january if we go over the cliff which is more of a hill, these congressmen will come to their senses. they've gone completely crazy and apparently if you vote for something on december tlonl, then it's okay with grover nor quist and if it's after december 31st, it's something else. look, a pledge is one thing, but look right now we've been spending money on a credit card natio
for "the new york times" and "the huffington post." it depends on the small business. it's funny when people say all small businesses will be affected if the fiscal cliff does hit, but don't forget, there's over 20 million small businesses in this country and it depends what business you're in, where you're located and what business you're in and where your customers are and there are factors when you start to generalize. >> we hear it mostly on the taxation side. if you raise taxes on people who make more than $250,000 don't forget a lot of small businesses file as individuals and make more than $250,000. >> it's absolutely true. i mean, but most small businesses, particularly my readers and the clients that i have, they're bracing for that. it seems an ineshvitablility th there will be increases in capital gains and interest rates and estate taxes next year and that all seems to be on the board. >> health care will get more expensive if they provide it. >> michelle, remember, it's not going cripple many small businesses. it's a deterrent from them investing and it's a deterrent from
will be on taxes? >> i see it going off to 200, and i think democrats especially from new jersey, new york, connecticut, that would be fine with them and it's just a matter of damage control. >> and will republicans have to pay in any way for something that has no spending cuts in it. >> ideally, a lot of these guys would like to wait until january so they can say we voted for a tax cut and the new status quo is where all of the taxes have gone up. i'm sure there will be primary challenges. >> what do you think? >> first of all, let me be clear. i think 50/50 at best for exactly the reason you cited. i can't imagine that reid and mcconnell are having a happy discussion right now, so there will be serious differences there. for example, if mcconnell insists on keeping the estate tax parameters where they are instead of going where the president is, that completely seals the deal and that's one piece. >> michelle, you've made that point throughout the show, and i partially agree with you, but i will tell you this. right now everybody in this town is focused on taxes and preventing 98% of hou
jersey or new york, they get to decide. not the appropriators, not the authorizing committee, the cor corps's going to decide. well, i can tell you one organization that has a problem with priorities in this country today is the corps of engineers. and to blanket whatever they say as a priority versus having government oversight and committee oversight and appropriator oversight, by giving this blanket waiver, what we do is we take away our powers to correct them. and all this does is say that it's not automatically authorized and we will have plenty of time. because all these are mitigation projects. they all ought to be authorized and approved by the committee of jurisdiction as they go forward. all they have to do is come to congress and say, give us approval on this. rather than a blanket approval. and i think we're setting a terrible precedent, because what it says is, in the future, then we're going to let the corps decides what is important rather than the -- corps decide what is important rather than the governors, rather than the state legislature or rather than the congress.
like to yield to our distinguished and vice chair, from new york. >> in politics, it is not a >> in politics, it is not a zero sum game. the least, that is my belief. it ought not be. we need to work together. there is no partisan path toward a solution. every solution facing our nation's problems must be done in a bipartisan way. that means that neither side gets 100% of what they are looking to achieve. what we saw last night was really an abdication of the process. the president has been working in good faith with speaker boehner, continues to what to do that. it is my hope we can come back to the table and continue to work with the president to work out a solution. what we have seen is something we have observed from our side of the aisle for the last four years. the republican caucus, whether the minority or majority, refused to work with our side of the aisle. the people of this election spoke otherwise. they want to see us working together. they want to see us lead him to the 113 congress, working in a more bipartisan way. i would like to turn it over to th
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